How is profit and loss calculated for BitTap futures?
1. Realized Profit and Loss Realized profit and loss represent the gains or losses a user incurs after closing a position. The formula is as follows: Realized Profit and Loss = (Closing Price — Opening Price) × Contract Quantity Example : · If you open a long position of 1 BTC contract at 50,000 USDT and close it at 60,000 USDT, the realized profit and loss is: Realized Profit and Loss = (60,000–50,000) × 1 = 10,000 USDT 2. Unrealized Profit and Loss Unrealized profit and loss are the estimated gains or losses based on the current market price for an open position. The formula is as follows: Unrealized Profit and Loss = (Current Market Price — Opening Price) × Contract Quantity Example : · If you open a long position of 1 BTC contract at 50,000 USDT, and the current market price is 55,000 USDT, the unrealized profit and loss is: Unrealized Profit and Loss = (55,000–50,000) × 1 = 5,000 USDT 3. Other Factors · Leverage : Leverage does not change the method of calculating profit and loss,...